13000 Is Bad But 7000 Is Good

@gewcew23 (8010)
United States
July 21, 2009 1:14pm CST
If you have noticed the Church of Obama is out in good force proclaiming the economic success, and of course only because of what Obama did. Yet where do they base this economic up turn, the Dow Jones stock index. Interesting when the Dow Jones hit the highest of high during the Bush administration, the soon to become Obamites proclaimed the worst economy ever. Why did they say this, Wall Street might be doing well, but Main Street is suffering. Now that a Democrat is in office Wall Street numbers matter.
3 responses
@hulaboy (319)
• Micronesia
21 Jul 09
I think many investors feel more safe investing in the U.S stock market when there's a democrat in the presidency because the economy tend to do well if you look at historical patterns.
@gewcew23 (8010)
• United States
21 Jul 09
So why was the Dow Jones the highest when there was a Republican in office? Why did the Dow Jones loss over 4000 points when Obama became President? Truth hurts does it not.
• United States
21 Jul 09
I remember for a couple months everytime that bum (Obama) would speak the dow would go down like a rock. It's only going up or holding steady now cause of large sums of money the big dogs are getting, in the end the small business owner and american is left out.
1 person likes this
@xfahctor (14126)
• Lancaster, New Hampshire
21 Jul 09
I'll comment further than..... If you go to this chart, and select the maximum view on the bottom, a much more complete picture emerges.
@bobmnu (8160)
• United States
21 Jul 09
If you look at the market you will see that it is fairly flat.s of bad news There is very little growth and most increases are caused by speculators. You receive several report of bad economic news and the market goes down. The investors look at the price of stocks and see that there are deals to be had. Stocks of companies that are profitable but selling below market value. They buy theses stocks and force the market reacts and goes up until the next economic reports are due out and then it goes down. When the market was down earlier this year the president's people were saying that it is not an indicator of how well his programs are working. They are doing what every politician does and uses stats only when they benefit their point of view.
1 person likes this
@stephcjh (32303)
• United States
22 Jul 09
Who knows? I know the economy is in such a mess and as far as I can tell, Obama is trying his best to get some of it lined out. It will take quite some time to do though. I hope some of it happens soon though, like healthcare.